Troy Resources: Releases maiden ore reserve for Smarts Underground
- Troy Resources (TRY) has released a maiden ore reserve at the Smarts Underground Prospect
- Smarts Underground is part of the Karouni Project which lies in Guyana, South America
- The maiden ore reserve reads 1,082,000 tonnes at 2.6 grams of gold per tonne (g/t) for 89,400 ounces
- Managing Director Ken Nilsson believes there is potential to increase the maiden ore reserve as it is not as large as he had hoped
- A final geotechnical report is now required prior to finalising the proposed mining method, mine design and commencement of underground operations
- Shares in Troy are up 2.33 per cent on the market and are trading at 4.4 cents at 2:22 pm AEST
